National Instruments Corp. confirmed that it received Emerson Electric Co.’s $53 per-share buyout bid, but stressed that it would continue its previously...
National Instruments Corp.
confirmed that it received Emerson Electric Co.’s EMR $53 per-share buyout bid, but stressed that it would continue its previously announced review of strategic options. National Instruments said the review includes “robust solicitation of interest from potential acquirors.” National Instruments’ stock soared 12.5% in midday trading, putting them on track for the highest close since March 2018, while Emerson’s stock slumped 6.
confirmed that it received Emerson Electric Co.’s EMR $53 per-share buyout bid, but stressed that it would continue its previously announced review of strategic options. National Instruments said the review includes “robust solicitation of interest from potential acquirors.” National Instruments’ stock soared 12.5% in midday trading, putting them on track for the highest close since March 2018, while Emerson’s stock slumped 6.
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